In the early 1990s, he narrowly avoided 'financial ruin,' by taking his debt-riddled companies public, and shifting his losses onto stockholders. Trump's casinos posted losses year after year.Trump shifted personal debts to his casino businesses, and collected huge salaries and bonus payments while shifting much of the risk onto his investors, according to The New York Times. Though Trump maintains that he 'made a lot of money,' in Atlantic City, the 'burden of his failures,' mostly fell onto his investors.Trump built his casino empire by borrowing money at such high rates that the businesses had almost 'no chance,' of succeeding, according to The New York Times.Here's what The New York Times found about the way Trump handled his businesses: Overall, profits at Trump's Atlantic City casinos 'consistently lagged,' behind his competitors, according to the Times. One of Trump's Atlantic City casinos, the Trump Plaza Casino and Hotel, is now shuttered, and another one, the Trump Taj Mahal, is under new ownership.

In an investigative report published on Saturday, The Times found that Trump's casinos were largely financial failures riddled with debt. Account icon An icon in the shape of a person's head and shoulders.